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Japan weighs government-backed bank lending scheme to spur strategic investment

Japan weighs government-backed bank lending scheme to spur strategic investment

By Makiko Yamazaki

TOKYO, Oct 29 (Reuters) – Japan’s government said on Thursday it is considering a scheme to ‌channel public funds through private lenders to support ‌corporate investment, seeking to ease funding constraints at banks and accelerate ​investment in strategic growth sectors.

The Ministry of Economy, Trade and Industry (METI) is studying an expansion of a financing framework that would allow the government-backed Japan Finance Corp (JFC) to provide ‌funds to commercial banks, ⁠which would then lend to companies undertaking large-scale investments and acquisitions.

The proposal was presented at ⁠a public-private investment forum created under the government’s asset…

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